Big Dog's Boom Boom Room Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ed Ajootian who wrote (172303)	9/6/2012 10:30:16 AM
From: Dennis Roth	7 Recommendations Read Replies (2) of 206097

No, Sorry. My access to Citi Research is limited to the links I can find in their U.S. Morning Call document which is updated ever time they have a morning conference call. citigroupgeo.com However, you can get most on what the research said if you do a Google search on the phrase Saudi Arabia May Become Oil Importer by 2030 google.com In which case you'll get a number of articles similar to what kidl posted to you and I see some one has already sent you a copy of the report. IMO, the key phrase in the report is "Our analysis shows that if nothing changes" But Saudi Arabia must export oil to maintain their current lifestyle. They cannot burn up all their oil and export nothing and maintain their standard of living. They can't produce enough food or manufactured goods for export to replace even a tiny fraction of their oil export income. So that can't possibly continue going as they are are currently going to 2030. Disasters predicted based on simple straight line projections of current trends out 18 years to 2030 never come true. People aren't that stupid or unadaptive. The Saudi's cannot continue to wastefully burn oil to make electricity while simultaneously refusing to import natural gas from neighboring nations. They must have the oil for export earnings. Something's got to give and at a minimum I think they will import nat gas from what they perceive to be friendly nations (e.g. not Iran) to free up oil for export. Saudi Arabia cannot become a net oil importer with out having something else to export to pay their bills and what else have they for export, sand?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next